Varied and versatile, your adviser may discuss trusts with you when making their recommendation. They’re a useful part of an adviser’s tool box – allowing you to set aside assets for specified beneficiaries. Find out more about how they can be used, and the controls you can set.
It can be hard to keep track of multiple pensions, especially if you can’t remember who the scheme is with and when you paid into it. You might consider pension consolidation, a process that allows you to pull all the strands of your retirement savings together into one manageable pot.
News headlines of tax avoidances schemes can be unsettling, especially if you worked to protect the assets you have a built up over many years to go to your chosen beneficiaries rather the tax man.
The Bank of Mum and Dad is now our ninth largest mortgage provider, up a place in the rankings from the year before. And the parental (and grand parental) generosity doesn’t stop there. Justin Urquhart Stewart, of Seven Investment Management, expands on families financial habits.
Whether we agree with it or not, most of us understand the concept of paying for our later life care. Most people are careful and do not want to pay more than necessary, although paying for your own care brings with it the choice of where and how you are cared for. Find out more in this article from our partners, The Will Writing Company.
Clive Barwell addresses issues in the care sector, what people need to be aware of as they or a family member prepares to go into care and the value of a financial adviser in the process.
Some clients have retired when they begin to plan for IHT. For some, this may be too late, as this raises the possibility of being taxed on gifts already made as they’re more likely to die within the seven year timeframe for tax-free gifting. Find out more in this article on the essentials of gifting.